BAM (Brookfield Asset Management Ltd.) Stock Financials & Earnings | Market Cap Arena

BAM (Brookfield Asset Management Ltd.) Stock Financials & Earnings | Market Cap Arena

BAMBrookfield Asset Management Ltd.

Mkt Cap$75B

Financial Services·Asset Management·🇨🇦 Canada·NYSE

Revenue (TTM)$4.8B

Net Income (TTM)$2.5B

EPS (TTM)$1.53

Free Cash Flow (TTM)$1.5B

Gross Margin84.6%

Op. Margin65.8%

Net Margin51.5%

FCF Margin31.8%

P/S Ratio (TTM)15.6x

P/E Ratio (TTM)30.2x

YoY Rev Growth+21.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$1.1B	$755M	$748M
Q2 23	$985M	$727M	$715M
Q3 23	$893M	$685M	$667M
Q4 23	$1.1B	$847M	$828M
Q1 24	$884M	$609M	$600M
Q2 24	$916M	$639M	$626M
Q3 24	$1.1B	$791M	$771M
Q4 24	$1.1B	$787M	$765M
Q1 25	$1.1B	$822M	$816M
Q2 25	$1.1B	$686M	$668M
Q3 25	$1.2B	$1.2B	$774M
Q4 25	$1.4B	$1.3B	$918M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	19.1x	36.0x
Q2 23	18.8x	40.1x
Q3 23	18.5x	38.1x
Q4 23	18.5x	40.8x
Q1 24	19.3x	42.5x
Q2 24	19.6x	41.6x
Q3 24	18.5x	40.5x
Q4 24	18.9x	34.6x
Q1 25	18.0x	32.5x
Q2 25	17.2x	30.8x
Q3 25	16.8x	28.8x
Q4 25	15.6x	30.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$41M	-$42M
Q2 23	$526M	$523M
Q3 23	$599M	$596M
Q4 23	$345M	$341M
Q1 24	$516M	$516M
Q2 24	$393M	$393M
Q3 24	$567M	$567M
Q4 24	$387M	$384M
Q1 25	$265M	$265M
Q2 25	$529M	$529M
Q3 25	$745M	$741M
Q4 25	$0	$0

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$1M
Q2 23	$3M
Q3 23	$3M
Q4 23	$4M
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$3M
Q1 25	$0
Q2 25	$0
Q3 25	$4M
Q4 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+25.6%	+62.3%
Q2 23	+6.6%	+60.7%
Q3 23	+7.5%	-13.4%
Q4 23	+1.2%	+51.8%
Q1 24	-16.1%	-7.2%
Q2 24	-7.0%	+7.4%
Q3 24	+25.1%	+53.1%
Q4 24	-5.9%	-1.3%
Q1 25	+22.3%	-6.7%
Q2 25	+19.0%	+45.5%
Q3 25	+10.8%	+34.0%
Q4 25	+33.2%	+67.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$20M	1.9%
Q2 23	$24M	2.4%
Q3 23	$9M	1.0%
Q4 23	$120M	10.6%
Q1 24	$20M	2.3%
Q2 24	$19M	2.1%
Q3 24	$42M	3.8%
Q4 24	$166M	15.6%
Q1 25	$35M	3.2%
Q2 25	$27M	2.5%
Q3 25	$32M	2.6%
Q4 25	$8M	0.6%

OpEx Breakdown

Quarter	G&A
Q1 23	$7M
Q2 23	$12M
Q3 23	$18M
Q4 23	$19M
Q1 24	$9M
Q2 24	$13M
Q3 24	$20M
Q4 24	$22M
Q1 25	$6M
Q2 25	$18M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$12M	$0	$12M
Q2 23	$12M	$0	$12M
Q3 23	$12M	$0	$12M
Q4 23	$9M	$0	$9M
Q1 24	$9M	$0	$9M
Q2 24	$10M	$0	$10M
Q3 24	$16M	$0	$16M
Q4 24	$12M	$0	$12M
Q1 25	$332M	$0	$332M
Q2 25	$480M	$0	$480M
Q3 25	$1.1B	$0	$1.1B
Q4 25	$1.6B	$0	$1.6B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	1.61B	+1.8%
Q2 23	1.59B	-1.7%
Q3 23	1.58B	-0.1%
Q4 23	1.56B	-1.8%
Q1 24	1.59B	+2.4%
Q2 24	1.61B	+1.2%
Q3 24	1.71B	+6.2%
Q4 24	1.68B	-1.8%
Q1 25	1.63B	-3.0%
Q2 25	1.63B	-0.1%
Q3 25	1.63B	+0.0%
Q4 25	1.63B	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	$18K	200K
FY 23	$20K	200K
FY 24	$16K	250K
FY 25	$20K	250K